Crypto
GameStop moves all bitcoin holdings, raising possibility of sale
GameStop transferred all 4,710 BTC it holds to Coinbase’s institutional trading platform, prompting speculation it may be reviewing its bitcoin strategy. On Jan. 24, CryptoQuant raised the possibility that the company could sell. GameStop bought 4,710 BTC in May at an average price of $107,900. With bitcoin trading at $90,800, selling all would imply an estimated loss of about $76 million. GameStop has not officially said whether it will sell.
